Aug
17

Of Annual Leave, Payslips, Transfers of Business and Temporary Agency Workers

News_EmpLaw
On the 10 th of August 2018, four Legal Notices came into force, amending existing employment laws and introducing new provisions therein. The legal notice which is of primary and general interest is Legal Notice 271 of 2018 - The Annual Leave National Standard Order, which lays down minimum requirements related to the entitlement of annual leave in terms of the Organisation of Working Time Regulations. The Order answers many queries which are frequently asked by employers and employees alike and which so far have been subject to various interpretations and conclu...
Continue reading
Aug
10

Amendments to Housing (Decontrol) Ordinance (Chapter 158 of the Laws of Malta)

News_AHO
Amendments to Chapter 158 were introduced by Act No. XXVII of 2018. The amendments affect the leases created by virtue of a previous title of emphyteusis or sub-emphyteusis which commenced before the 1 st June 1995 through the application of article 5, 12, or 12A of Chapter 158. The constitutionality of the provisions of Chapter 158 has been challenged repeatedly in front of the Maltese Courts and in front of the European Court in Strasbourg. Since the case of Amato Gauci v. Malta, (App no 47045/06 [ECHR, 15 September 2009]), the majority of the cases brought by o...
Continue reading
Aug
03

Mamo TCV sponsors the first BlockFinance Session

Mamo TCV sponsors the first BlockFinance Session
Mamo TCV Advocates sponsored the first session of the BlockFinance series which took place on the 31st July, 2018 at the Corinthia Palace Hotel, Attard. Dr Roberta Peresso , a senior associate in the Fintech Department, sat on the panel together with Hon. Silvio Schembri, Parliamentary Secretary for Financial Services and Dr Christopher Buttigieg, Director at the MFSA. The panel discussion provided delegates with an update on recent developments in blockchain and cryptocurrency in Malta. Roberta shared the Firm's experience so far on the subject and expressed her ...
Continue reading
Aug
01

MFSA Issues consultation paper on the Virtual Financial Assets Rules for Issuers of Virtual Financial Assets

MFSA Issues consultation paper on the Virtual Financial Assets Rules for Issuers of Virtual Financial Assets
​ The Malta Financial Services Authority ("MFSA") has issued a consultation paper on the Virtual Financial Assets Rules which will be applicable to Issuers of Virtual Financial Assets to be issued in accordance with the Virtual Financial Asset Act. This consultation document is in line with the MFSA's proposal of issuing a rule book to be titled the "Virtual Financial Assets Rulebook" which will be subdivided into three parts: ​ Chapter 1: Virtual Financial Assets Rules for VFA Agents Chapter 2: Virtual Financial Assets Rules for Issuers of Virtual Financial Asset...
Continue reading
Jul
27

The MFSA publishes Financial Instrument Test

The MFSA publishes Financial Instrument Test
This article was written by Dr. Christina Scicluna & Dr. Luke Mizzi . Following the Malta Financial Services Authority's (MFSA) consultation process the Authority has published a trial version of the financial instrument test which shall be carried out by issuers of Initial Coin Offerings (ICOs) prior to the offering of DLT assets to the public in or from within Malta and by persons providing any service and/or performing any activity, within the context of either the Virtual Financial Assets Act or investment services legislation. The test shall take place by...
Continue reading